https://www.taxtmi.com/caselaws?id=253321 Section 194LA applies only to compensation or enhanced compensation paid in money on account of compulsory acquisition of immovable property. Voluntary surrender of land under section 14-B of the Karnataka Town and Country Planning Act, 1961, in exchange for development rights certificates involved no acquisition proceedings, no quantified monetary compensation, and no cash or equivalent payment. The expression "any other mode" was read with the listed monetary modes and was not extended to non-monetary development rights certificates. The provision for tax deduction at source was therefore not attracted, and the payer could not be treated as an assessee in default under sections 201(1) and 201(1A). en-us Fri, 14 Nov 2014 00:00:00 +0530 Fri, 21 Nov 2014 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253321 Section 194LA applies only to compensation or enhanced compensation paid in money on account of compulsory acquisition of immovable property. Voluntary surrender of land under section 14-B of the Karnataka Town and Country Planning Act, 1961, in exchange for development rights certificates involved no acquisition proceedings, no quantified monetary compensation, and no cash or equivalent payment. The expression "any other mode" was read with the listed monetary modes and was not extended to non-monetary development rights certificates. The provision for tax deduction at source was therefore not attracted, and the payer could not be treated as an assessee in default under sections 201(1) and 201(1A). Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253321